Key Developments: Standard Register Co (SR.N)

SR.N on New York Stock Exchange

13.80USD
1 Aug 2013
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Latest Key Developments (Source: Significant Developments)

Standard Register Co Acquires WorkflowOne
Thursday, 1 Aug 2013 08:38am EDT 

Standard Register Co announced that it has acquired WorkflowOne in a transaction valued at $218 million, financed by assuming $210 million of long-term debt and the issuance of warrants with an estimated value of $8 million. The transaction advances Standard Register's revenue position, enhances its product and solutions portfolio, broadens its customer base, improves its cost structure and provides greater financial flexibility and stability.  Full Article

Standard Register Co Signs Multi-Year Agreement With Premier Healthcare Alliance
Monday, 22 Jul 2013 09:00am EDT 

Standard Register Co announced it has signed a three-year agreement with the Premier healthcare alliance, one of the healthcare performance improvement alliances and purchasing networks. The agreement, which takes effect on August 1, significantly expands the scope of services Standard Register Healthcare has been providing to the 2,800 hospitals and 98,000 other healthcare sites that comprise the Premier healthcare alliance. In addition to traditional paper forms, print shop management services, electronic forms, electronic content management solutions and document imaging services, Premier members will have access to Standard Register`s multi-channel marketing design, concierge, delivery and analytic services.  Full Article

Standard Register and Cody Consulting Unveil Health Plan-Specific Suite of Project Management Software and Services
Monday, 6 Aug 2012 11:58am EDT 

Standard Register and Cody Consulting, consultant to managed care organizations, announced they have developed the first health plan-specific suite of project management software and services. Powered by CodySoft, MarcomNAVIGATOR manages the complexities of creating, producing and deploying member communications in compliance with regulatory requirements.  Full Article

Standard Register And Healthtrust Expand Agreement To Include Both Workflow Automation And Document Solutions
Thursday, 22 Mar 2012 04:18pm EDT 

Standard Register announced that it has signed an agreement with HealthTrust Purchasing Group, L.P., a Tennessee based group purchasing organization (GPO). The agreement gives HealthTrust members access to Standard Register Healthcare’s portfolio of document solutions, SMARTworks Clinical Enterprise, a technology platform that automates patient registration, identification and clinical workflows.  Full Article

Standard Register Announces Strategic Restructuring; Suspends Dividend
Monday, 23 Jan 2012 09:16am EST 

Standard Register announced a strategic restructuring program to better align the Company’s resources in support of its growing core solutions business and to reduce costs to offset the impact of declining revenue in its legacy operations. The restructuring is expected to result in an estimated $45 million in annual savings and the elimination of 12% to 15% of its workforce over the next 6 to 9 months. Costs associated with the restructuring program are expected to reduce fourth quarter 2011 earnings by approximately $5.5 million, or $0.11 per share, net of tax. The balance of the costs will reduce 2012 earnings by approximately $1.5 million, or $0.03 per share, net of tax. Standard Register also announced the suspension of its quarterly dividend in keeping with Ohio law, which requires that cash dividends be paid only out of a corporation’s statutory surplus. Because of the decline in book equity related to additional fourth quarter actuarial losses in the Company’s pension plan and the valuation allowance established against deferred tax assets, there is not currently a statutory surplus. The suspension of the dividend results in the annual retention of approximately $6 million of capital by the Company. The 2012 first quarter dividend which was declared in December 2011 will be paid on March 9, 2012.  Full Article

Standard Register Issues Q4 2011 Guidance Below Analysts' Estimates
Monday, 23 Jan 2012 09:16am EST 

Standard Register announced that for the fourth quarter of 2011, it expects revenue to be $160-$162 million and pre tax losses to be $(9.6)-$(10.1) million. On a non-GAAP basis, pretax income (excluding the impact of pension amortization and settlement and restructuring costs) is expected to be $1.3-$1.8 million representing growth as compared to the third quarter of 2011 (which also excludes the impact of the postretirement plan amendment). The Company will also record a non-cash charge to tax expense of $70 to $90 million to establish a valuation allowance against certain deferred tax assets, which will reduce earnings per share (EPS) by $2.40 to $3.10 in the fourth quarter of 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $168 million for the fourth quarter of 2011.  Full Article

Standard Register Declares Quarterly Dividend
Thursday, 8 Dec 2011 04:00pm EST 

Standard Register announced that the Board of Directors declared a quarterly dividend of $0.05 per share to be paid on March 9, 2012 to shareholders of record as of February 24, 2012.  Full Article

Standard Register Declares Quarterly Dividend
Friday, 28 Oct 2011 08:00am EDT 

Standard Register announced that on October 27, 2011, Standard Register’s Board of Directors declared a quarterly dividend of $0.05 per diluted share to be paid on December 9, 2011, to shareholders of record as of November 25, 2011.  Full Article

Amerinet Extends Agreement With Standard Register's Standard Register Healthcare
Tuesday, 16 Aug 2011 09:30am EDT 

Standard Register announced that Amerinet has extended its contract with Standard Register Healthcare through August 31, 2013.  Full Article

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